Russell Inc. had sales of $2,200,000 for the first quarter of 2022 (it sold 220,000 units). In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Fixed $920,000 $440,000 Variable 70,000 88,000 45,000 98,000

Russell Inc. had sales of $2,200.000 for the first quartcr of 2022 (it sold 220,000 units). In making the sales, the company incurred the following costs and expenses. Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, eg. 15.25.)